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Financial Services

Biometrics are used in financial services to aid in the flow of money from account opening through payments and transfers. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as onboarding and regulatory checks, and mobile wallet applications.

 

Bank Muscat launches biometric system compatible with national ID card

Financial services firm Bank Muscat announced it has introduced a biometric system that is compatible with the national identification card….

 

Top biometrics news stories, week of August 3

Biometrics Week in Review: iWallet app using fingerprint sensors, facial recognition at Brussels Airport, Nigerian banks collecting biometrics, next killer…

 

Mobile commerce next killer app for biometrics

Mobile commerce is emerging as the next killer application for biometrics. Previously, Biometrics Research Group, Inc. accurately predicted that biometrics…

 

LaserLock signs $7M contract with Mexican gaming company for biometric authentication service

LaserLock Technologies has announced that it has signed a 10-year, $7 million contract with a Mexican gaming company for its…

 

Eight in 10 Brits would opt for biometric security

An online poll of 2,000 consumers in the UK commissioned by Intelligent Environments has found that eight in 10 Britons…

 

Apple rumoured to launch iWallet app using fingerprint sensors to make purchases

Apple is preparing to launch its ‘iWallet’ app, which would allow customers to use the iPhone’s Touch ID fingerprint sensor…

 

NCR expands use of BIO-key’s fingerprint authentication solutions for POS

BIO-key International announced that NCR Corporation has expanded its use of integrated BIO-key fingerprint authentication solutions through several national retail…

 

Nigerian banks plan to collect customer biometrics harmed by poor logistics

Just a couple months before commercial banks in Lagos, Nigeria were intending on launching the early stages of Bank Verification…

 

Top biometrics news stories, week of July 27

Biometrics Week in Review: FBI opens biometrics center, State Department request for information, Capital Hill concerns about fingerprint recognition, emerging…

 

BioCatch Flags Bank Fraud Attempts Using Physiological and Cognitive Behavioral Analysis

For Israel-based biometric authentication and threat detection company BioCatch, the way we do things says a lot about who we…

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